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, thank you. >> gregg: contest in the background on egypt's president morsi. he was elected in june of this year after a revolution overthrowing president hosni mubarak. he is head 6 muslim brotherhood. he is the first freely elected president and first islamist to be head of an arab state. they accuse him of trying to monopolize powers, the courts and media and parliament and in the end, sharia law, imposing strict islamic principles. >> heather: it raises new questions coming one day after egypt help broker a cease-fire in the gaza strip. former u.s. ambassador to the u.n. john bolton joined us earlier to weigh in saying it's no coincidence. >> he didn't wait but one day before moving here. so whether he had a wink and a nod from president obama or whether whether he felt emboldened in the wake of the cease-fire to believe the u.s. would not criticize him or do anything major to stop this power grab, i think we'll have to find out in the next few days. the timing is not coincidental. you can bet on that. >> heather: coming up the latest reaction from the white house to the turmoil
respect. he promised the people of egypt democracy when his party and he was elected president. >> reporter: egyptian president expanded his powers and placed himself above judicial oversay the sight after the cease-fire. egypt said it was designed to hold those accountable of those in corruption and crimes in the previous regime. but one leading senator was asked what message president obama should deliver to the egyptian leader? >> he has to express those concerns and say, obviously, we want this -- change to be not just democratic, but to also be supportive of stability and also to be protecting of minorities and human rights in egypt. >> reporter: the egyptian stock market taking a dive on the first day of trading after the action. it dropped more than 9%. >> shannon: all right. we'll keep an eye on it. president obottommal meet with the congressional leaders for a plan aimed at avoiding the fiscal cliff. lawmakers have said that both spending cuts and new revenue need to be on the table. house speaker john boehner said that obamacare should be fair game, also. we have a fo
as thousands of egyptians stage angry demonstrations over a power grab by the country's recently elected president. i'm rick folbalm. >> heather: and i'm heather childers. accusing morsi of an unprecedented attack on the judiciary. and this is after last year's revolution and they continued to stage rallies across the country, sparking new fears on the instability in an already volatile part of the world. steve harrigan is streaming live for us from cairo, egypt. steve? >> heather, there's a showdown between egypt' new president, morsi and the chief judges throughout the country say they will not go back to work as long as the president's orders stand, basically putting anything he says, any decree he makes, above the law and not subject to the court and we could have a country where prosecution basically shuts down. as far as the protesters in cairo, they've set up tents on tahrir down from yesterday, 40,000, yesterday afternoon and it turned violent and other cities, xaalexandria and police cars set on fire and other fires set as well. the next move in the battle will shape up to be tu
promised the people of egypt when you were elected president. >> reporter: now the egyptian president is putting himself above zwrui additional oversight they stressed the move was only temporary designed to hold people accountable in the previous regime but nevertheless democrats are nervous. one leading senator was asked what message should obama give the egyptian leader. >> he has to express those concerns and say obviously we wanted this change to be not just democratic but also be supportive of stability and also minorities and human rights in egypt. >> reporter: with the danger of instability the egyptian stock market was down more than 9%. >> heather: thank you very much. >> gregg: new york con man peter king announced he will be stepping down from the committee. he is obligated to step down because of term limits self-imposed by the republican party as chairman he helped ensure that new york received crucial federal funding to help combat terrorism. his replacement is not yet announced. he will devote to his new time as the homeland's panel of counterterrorism subcommittee. >>
to power. he was elected in 2012 with a strong mandate winning more than 51% of the vote, as leader of the muslim brotherhood, he was the first islamist elected to be head of an arab state. from the outset morsi had been plagued with allegations that his party wanted to be in the political landscape and a moral code based on strict islamic principles. >> there are signs that things are beginning to get back to normal as israel begins to ease border restrictions into gaza after a cease-fire agreement with hamas the other day and that ended eight days of cross border fighting which claimed the lives of 166 palestinians and six israeli civilians. as part of a truce brokered by egypt israel agreed to ease more restrictions of gaza border blockade after they first took over in 2007. >> no doubt the white house is watching the developments in egypt very closely as the timing of this sweeping power grab raises new questions. president morsi's move coming just a day after egypt helped broker a cease-fire between israel and hamas. molly henneberg is live in washington and molly, we heard tha
of the mubarek era. it was the judges who through out the elections that had elected a parliament that was comprised of 75 percent supporters of the muslim brotherhood and even more extreme parties. morsi was trying to prevent the constitution writing exercise from being dismissed by the judg judges. in that sense this is a life and death struggle between what's left of the mubarek hold overs and that is key. from there the united states because of decades of ex tense i have military aid still has a lot of judges that's where we exert is it to get it back in control. that's where we give up a lot from relying on morsi. it is no coincidence he waited almost 24-hours after announcing the gaza cease fire from proceeding with these radical steps. he thinks he has a freehand. >> what should the administration do? do you think they gave him this so-called freehand that he has now used? >> i would like to know what the last conversations were with secretary of state clinton in egypt. even if they didn't give him a wink and a nod he clearly feels emboldened. i think the only way to get hi
in the making. nand many people warned against electing morsi and knowing that they would impact the nation and witnessing first hand all of the manifesting itself. could we see a civil war. >> i don't think we will see a immediate civil war or fight. what we will see is time where by the opposition which is it wide and broad is going to put pressure on morsi to come back and stop the legislation and trying to impose and now it is it led by the judges and we have the lawyers and human rights group and all civil society and morsi will do next week. he will launch his own. they are good at mobilizing many, many people. and to that there will be another sponse by civil forces. >> under mubar ark. >> what the is relationship. >> that is an excellent question and determine a lot of the things in egypt. when morsi became president he moved quickly to lead me call it beheading and taking out 80 or 90 of the officers of the army that work with mubarak and work with morsi and he will establish it in the military and the bulk of the military do not like morsi and they know he will transform the army
Search Results 0 to 6 of about 7